Adaface Sample Accounting Questions

Here are some sample Accounting questions from our premium questions library (10273 non-googleable questions).

Accounting Assessment Test

Skills

🧐 Question
Medium Comprehensive income Income statement	Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
Medium Land Sale Balance Sheet Asset Classification Acquisition Accounting	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. Here’s the new balance sheet created after these changes: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
Medium Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

	🧐 Question	🔧 Skill
	Medium Comprehensive income Income statement	2 mins Accounting	Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
	Medium Land Sale Balance Sheet Asset Classification Acquisition Accounting	3 mins Accounting	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. Here’s the new balance sheet created after these changes: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
	Medium Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	3 mins Accounting	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

	🧐 Question	🔧 Skill	💪 Difficulty	⌛ Time
	Comprehensive income Income statement	Accounting	Medium	2 mins	Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
	Land Sale Balance Sheet Asset Classification Acquisition Accounting	Accounting	Medium	3 mins	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. Here’s the new balance sheet created after these changes: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
	Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	Accounting	Medium	3 mins	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

Trusted by recruitment teams in enterprises globally

We evaluated several of their competitors and found Adaface to be the most compelling. Great library of questions that are designed to test for fit rather than memorization of algorithms.

Swayam Narain, CTO, Affable

Join 1500+ companies in 80+ countries.

Try the most candidate friendly skills assessment tool today.

GET STARTED FOR FREE

Ready to streamline your recruitment efforts with Adaface?

Chat with us

Start 14-day free trial

40 min tests.
No trick questions.
Accurate shortlisting.

Pricing

Features

Integrations

AI Resume Parser

Singapore (HQ)
32 Carpenter Street, Singapore 059911
Contact: +65 9447 0488
India
WeWork Prestige Atlanta, 80 Feet Main Road, Koramangala 1A Block, Bengaluru, Karnataka, 560034
Contact: +91 6305713227

Adaface Sample Accounting Questions

Skills

Programming Languages

Data Science

Frontend

Backend

Mobile

Software Engineering Basics

Data Engineering

Cloud Engineering

Test Engineering

Product

Aptitude

Accounting

Others

Trusted by recruitment teams in enterprises globally

40%